Facts and Figures

A number of studies have been completed that look into the success / failure rates of projects. These studies indicate that serious problems exist across a broad cross-section of industries. Below is a summary of some recent reports.

Source : McKinsey & Company in conjunction with the University of OxfordType of survey : Study on large scale IT ProjectsDate : 2012

A study of 5,400 large scale IT projects (projects with initial budgets greater than $15M) finds that the well known problems with IT Project Management are persisting. Among the key findings quoted from the report:

17 percent of large IT projects go so badly that they can threaten the very existence of the company

On average, large IT projects run 45 percent over budget and 7 percent over time, while delivering 56 percent less value than predicted

Logica Management Consulting and the Economist Intelligence Unit studied success rates for business process change projects (most of which have significant technology components). A cross section of different industries were included in the survey.